Swiss luxury group Richemont reported a strong Q3 performance from its jewellery division that comprises brands Cartier, Van Cleef & Arpels, Giampiero Bodino, and Buccellati.
Jewellery sales increased 9% to €2.36 billion in the third quarter that ended 31st December, 2020. At actual exchange rates, Richemont’s jewellery sales grew 14% supported by good jewellery and watch sales at Cartier and Van Cleef & Arpels. Sales grew in all regions except Europe, and across all channels.
The company’s Q3 watch sales dropped 7% to €758 million with declines in all regions excluding Asia Pacific where sales grew by double digits.